IBT Staff Reporter

Hit movies like Toy Story 3 and higher advertising sales at its cable networks lifted Walt Disney Co's quarterly profit above Wall Street's expectations.

A federal appeals court on Tuesday allowed Verizon Communications Inc to correct an in-house lawyer's drafting error in a pension plan that could have cost the second-largest U.S. phone company $1.67 billion.

Hit movies and a recovering ad market boosted Walt Disney Co results above Wall Street's expectations, following in the footsteps of several other media companies that have surpassed forecasts.

Hit movies like Toy Story 3 and higher advertising sales lifted Walt Disney Co's quarterly profit above Wall Street's expectations despite dwindling theme park attendance in the United States.

Streaming and mail-in rental company Netflix Inc has reached an exclusive deal for online rights that allows its members to watch new films from the three studios that own the Epix pay TV channel.

Business productivity fell for the first time in 1-1/2 years in the second quarter and labor costs hardly rose, underlining the halting pace of economic recovery.

Shares of Intel Corp and Advanced Micro Devices Inc fell on Tuesday after analysts downgraded shares of the world's top chip maker, warning of a weakening outlook for corporate and consumer IT spending globally.

A new report reveals that two children in Australia are diagnosed with type 1 diabetes every day.

Research In Motion has agreed to hand over user codes that would let Saudi authorities monitor its BlackBerry Messenger, as it seeks to stop the kingdom from silencing the service, a source close to the talks said on Tuesday.

Major U.S. airlines saw higher traffic and flights that were often full in July, reflecting improved travel demand as the industry recovers from a downturn, according to data released by the airlines over the last week.

The Federal Reserve on Tuesday took a small but significant step to counter a weakening U.S. economic recovery, saying it would use cash from maturing mortgage bonds it holds to buy more government debt.

In Australia, the diagnosis of Alzheimer's - that affects the lives of 150,000 Australians - is made only after the symptoms have appeared.

Stocks fell on Tuesday but closed off their lows after the Federal Reserve said it would take new steps to counter a weak recovery.

Stocks ended lower on Tuesday, but well off their lows, after the Federal Reserve said it would take new steps to counter a weak recovery. The Dow, which was down about 100 points before the Fed's announcement, briefly turned positive before buying waned on the Fed's more pessimistic assessment of the economy.

Elderly residents of nursing homes in SA are at risk of contracting the highly deadly rotavirus.

The United States faces a rising risk of deflation that could bolster prices of safe-haven U.S. government bonds, while hurting the prices of real estate and stocks, the world's biggest bond fund management company said on Tuesday.

Buyout firm Kohlberg Kravis Roberts & Co said on Tuesday it expects to start fundraising for its next private equity fund sometime in the next few quarters.

South Korean police raided Google Inc's Seoul office on Tuesday, the latest in a series of legal challenges the company is facing because of data collected by its controversial fleet of Street View cars.

Florida Attorney General Bill McCollum said on Tuesday he is suing the world's biggest makers of liquid crystal display screens for engaging in a conspiracy at the highest level to fix prices.

Stocks cut losses on Tuesday after the Federal Reserve announced measures designed to boost the sluggish economic recovery.

Illegal drug use in Australia cost the nation $3.8 billion every year, says Professor Paul Wilson, an Australian criminologist.

Researchers have identified a specific biomarker signature that can predict the onset of Alzheimer's disease with 100 percent accuracy.

The Federal Reserve on Tuesday said it would begin funneling proceeds from its maturing mortgage bonds into longer-term government debt in an effort to support a sputtering economic recovery.

According to Australian scientists, there's a way to check the health state of a person brain and that is by looking into the eyes.

Stocks declined on Tuesday due to investors' uncertainty whether the Federal Reserve will announce action to boost the U.S. economy as the recovery appears to be losing steam.

Boeing Co is assessing new issues related to manufacturing the long-delayed 787 Dreamliner, but the company still aims to make first delivery of the plane by the end of this year, the chief executive of Boeing Commercial Airplanes said on Tuesday.

The National Drug and Alcohol Research Centre (NDARC) reported on Tuesday that more than three and a half million Australians will become alcohol abusers and dependents during their lifetime but only one in five of them will seek treatment.

BlackBerry maker Research In Motion has agreed to hand over coveted codes to users' phones to try to avert a ban on its Messenger service in Saudi Arabia, an industry source familiar with the talks told Reuters on Tuesday.

U.S. stocks declined on Tuesday due to investors' uncertainty whether the Federal Reserve will announce action to boost the U.S. economy as the recovery appear to be losing steam.